Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Town of Woodstock, Virginia under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Town of Woodstock, Virginia, it is not intended to and does not present the financial position, change in net position, or cash flows of the Town of Woodstock, Virginia.
Town of Woodstock, Virginia had no federal loans to report in the above Schedule.
No awards were passed through to subrecipients.
Federal expenditures, revenues, and capital contributions are reported in the Town's basic financial statements as follows: Intergovernmental federal revenues per the basic financial statements: Governmental Activities: $ 611,118 Business-type Activities: 1,147,808 Total primary government $ 1,758,926 Total expenditures of federal awards per the Schedule of Expenditures of Federal Awards $ 1,758,926